SCHEDULE 14A
(RULE 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by the Registrant [X]
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Check the appropriate box:
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[ ] Definitive proxy statement.
[X] Definitive additional materials.
[ ] Soliciting material under Rule 14a-12.
[ ] Confidential, for use of the Commission only (as permitted by
Rule 14a-6(e)(2)).
THE NEW GERMANY FUND, INC.
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(Name of Registrant as Specified in Its Charter)
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(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of filing fee (check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
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to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is
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(4) Date Filed:
-2-
THE NEW GERMANY FUND, INC.
345 Park Avenue
New York, NY 10154
Tel: (212) 454.2208
THE NEW GERMANY FUND, INC. ANNOUNCES ANNUAL STOCKHOLDERS MEETING
FOR IMMEDIATE RELEASE
NEW YORK, NEW YORK, MAY 3, 2005 -THE NEW GERMANY FUND, INC. (GF)
announced today that its annual meeting of stockholders will be held at 10:00 am
(New York time) on June 21, 2005 at the offices of Deutsche Bank AG, 345 Park
Avenue, New York, New York 10154.
Only holders of Record of the Fund's Common Stock at the close of
business on April 22, 2005 will be entitled to notice of, and to vote at, the
annual meeting of stockholders of the Fund.
At the annual meeting, the stockholders will:
1. Elect four (4) Directors, each to serve for a term of three years and
until their successors are elected and qualify.
2. Ratify the appointment by the Audit Committee and the Board of
Directors of PricewaterhouseCoopers LLP as independent auditors for the
fiscal year ending December 31, 2005.
3. Act upon, if properly presented, a certain stockholder proposal that
"[stock]holders of the Fund be afforded an opportunity to realize net
asset value for their shares as soon as practicable."
4. Transact such other business as may properly come before the Meeting or
any postponement or adjournment thereof.
The Board of Directors recommends that stockholders vote for the
Board's Director candidates and against any others. The Board of Directors also
recommends that stockholders vote against the stockholder proposal.
The Fund is managed and advised by members of the Deutsche Bank Group.
THE NEW GERMANY FUND, INC. is a non-diversified, closed-end investment
company seeking capital appreciation primarily through investment in the
Mittelstand - an important group of small and mid-cap German companies. The Fund
may invest up to 35% of its assets in large cap German companies, and up to 20%
in other Western European companies. Its shares are listed on the New York Stock
Exchange under the symbol "GF".
The Fund is non-diversified and can take larger positions in fewer
companies, increasing its overall risk profile. Investments in securities of
foreign issuers present greater risks including currency fluctuations and
changes in political/economic conditions. Foreign securities markets generally
exhibit greater price volatility and are less liquid than the US markets.
Shares of closed-end funds frequently trade at a discount to net asset
value. The price of the Fund's shares is determined by a number of factors,
several of which are beyond the control of the Fund. Therefore, the Fund cannot
predict whether its shares will trade at, below or above net asset value. Not
FDIC Insured/No Guarantee/May Lose Value. (04/05 31338)
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FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan Diorio Rosalia Scampoli
Deutsche Asset Management Deutsche Asset Management
Investor Relations Media Relations
(212) 454.2208 (212) 250.5536